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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $219.2M, roughly 1.2× Perella Weinberg Partners). Astera Labs, Inc. runs the higher net margin — 16.6% vs 6.3%, a 10.3% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs -2.9%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $30.5M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs 46.5%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
ALAB vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $219.2M |
| Net Profit | $45.0M | $13.8M |
| Gross Margin | 75.6% | — |
| Operating Margin | 24.7% | 8.5% |
| Net Margin | 16.6% | 6.3% |
| Revenue YoY | 91.8% | -2.9% |
| Net Profit YoY | 82.0% | — |
| EPS (diluted) | $0.25 | $0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $270.6M | $219.2M | ||
| Q3 25 | $230.6M | $164.6M | ||
| Q2 25 | $191.9M | $155.3M | ||
| Q1 25 | $159.4M | $211.8M | ||
| Q4 24 | $141.1M | $225.7M | ||
| Q3 24 | $113.1M | $278.2M | ||
| Q2 24 | $76.8M | $272.0M | ||
| Q1 24 | $65.3M | $102.1M |
| Q4 25 | $45.0M | $13.8M | ||
| Q3 25 | $91.1M | $6.0M | ||
| Q2 25 | $51.2M | $2.7M | ||
| Q1 25 | $31.8M | $17.3M | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $-7.6M | $16.4M | ||
| Q2 24 | $-7.5M | $-66.0M | ||
| Q1 24 | $-93.0M | $-35.8M |
| Q4 25 | 75.6% | — | ||
| Q3 25 | 76.2% | — | ||
| Q2 25 | 75.8% | — | ||
| Q1 25 | 74.9% | — | ||
| Q4 24 | 74.0% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.9% | — | ||
| Q1 24 | 77.4% | — |
| Q4 25 | 24.7% | 8.5% | ||
| Q3 25 | 24.0% | 5.4% | ||
| Q2 25 | 20.7% | 5.8% | ||
| Q1 25 | 7.1% | 5.5% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | -7.9% | 12.9% | ||
| Q2 24 | -31.7% | -30.2% | ||
| Q1 24 | -127.1% | -52.4% |
| Q4 25 | 16.6% | 6.3% | ||
| Q3 25 | 39.5% | 3.6% | ||
| Q2 25 | 26.7% | 1.8% | ||
| Q1 25 | 20.0% | 8.2% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | -6.7% | 5.9% | ||
| Q2 24 | -9.8% | -24.3% | ||
| Q1 24 | -142.5% | -35.1% |
| Q4 25 | $0.25 | $0.11 | ||
| Q3 25 | $0.50 | $0.08 | ||
| Q2 25 | $0.29 | $0.04 | ||
| Q1 25 | $0.18 | $0.24 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $-0.05 | $0.24 | ||
| Q2 24 | $-0.05 | $-1.21 | ||
| Q1 24 | $-1.77 | $-0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.6M | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $-127.4M |
| Total Assets | $1.5B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $255.9M | ||
| Q3 25 | $140.4M | $185.5M | ||
| Q2 25 | $162.3M | $145.0M | ||
| Q1 25 | $86.4M | $111.2M | ||
| Q4 24 | $79.6M | $407.4M | ||
| Q3 24 | $126.1M | $335.1M | ||
| Q2 24 | $421.1M | $185.3M | ||
| Q1 24 | $696.1M | $156.7M |
| Q4 25 | $1.4B | $-127.4M | ||
| Q3 25 | $1.3B | $-302.4M | ||
| Q2 25 | $1.1B | $-318.4M | ||
| Q1 25 | $1.0B | $-323.1M | ||
| Q4 24 | $964.8M | $-421.4M | ||
| Q3 24 | $889.6M | $-360.8M | ||
| Q2 24 | $845.3M | $-283.0M | ||
| Q1 24 | $808.8M | $161.9M |
| Q4 25 | $1.5B | $797.6M | ||
| Q3 25 | $1.4B | $650.2M | ||
| Q2 25 | $1.3B | $606.7M | ||
| Q1 25 | $1.1B | $570.5M | ||
| Q4 24 | $1.1B | $876.8M | ||
| Q3 24 | $983.1M | $810.9M | ||
| Q2 24 | $915.5M | $645.5M | ||
| Q1 24 | $864.9M | $583.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $95.3M | $34.8M |
| Free Cash FlowOCF − Capex | $76.6M | $30.5M |
| FCF MarginFCF / Revenue | 28.3% | 13.9% |
| Capex IntensityCapex / Revenue | 6.9% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.12× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $34.8M | ||
| Q3 25 | $78.2M | $59.2M | ||
| Q2 25 | $135.4M | $56.1M | ||
| Q1 25 | $10.5M | $-176.5M | ||
| Q4 24 | $39.7M | $223.4M | ||
| Q3 24 | $63.5M | $200.3M | ||
| Q2 24 | $29.8M | $90.0M | ||
| Q1 24 | $3.7M | $-206.3M |
| Q4 25 | $76.6M | $30.5M | ||
| Q3 25 | $65.9M | $57.6M | ||
| Q2 25 | $133.3M | $55.3M | ||
| Q1 25 | $6.0M | $-177.6M | ||
| Q4 24 | $24.3M | $207.0M | ||
| Q3 24 | $46.8M | $199.3M | ||
| Q2 24 | $28.5M | $83.7M | ||
| Q1 24 | $228.0K | $-214.8M |
| Q4 25 | 28.3% | 13.9% | ||
| Q3 25 | 28.6% | 35.0% | ||
| Q2 25 | 69.5% | 35.6% | ||
| Q1 25 | 3.7% | -83.8% | ||
| Q4 24 | 17.2% | 91.7% | ||
| Q3 24 | 41.4% | 71.6% | ||
| Q2 24 | 37.1% | 30.8% | ||
| Q1 24 | 0.3% | -210.3% |
| Q4 25 | 6.9% | 2.0% | ||
| Q3 25 | 5.3% | 0.9% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 2.8% | 0.5% | ||
| Q4 24 | 10.9% | 7.3% | ||
| Q3 24 | 14.8% | 0.4% | ||
| Q2 24 | 1.7% | 2.3% | ||
| Q1 24 | 5.2% | 8.3% |
| Q4 25 | 2.12× | 2.52× | ||
| Q3 25 | 0.86× | 9.85× | ||
| Q2 25 | 2.64× | 20.50× | ||
| Q1 25 | 0.33× | -10.18× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
